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I'm wondering if main reason for tech stagnation is globalization.If you can increase your profits from cutting cost by transferring work to China why should yo
by lukaa 7y ago
I'm wondering if main reason for tech stagnation is globalization.If you can increase your profits from cutting cost by transferring work to China why should you concentrate on increasing productivity?
- deleted 7y ago[deleted]
- petermcneeley 7y agoI haven't listen to the link but Peter Thiel comes to exactly the same conclusion in other talks. https://youtu.be/zgF6FAYsWdI https://youtu.be/zgF6FAYsWdI
- eriken 7y agoWell, it mostly just makes products cheaper. Also, sites like amazon can be linked to the current low inflation due it`s ability for users to price guage efficently.